Weekly National Market Prices for Wool
December 2, 2005
December 2, 2005 -- The U.S. Department of Agriculture's prices for wool the week beginning Nov. 30, 2005, can be accessed at: http://www.fsa.usda.gov/pas/reports/wool.htm.
Posted prices for ungraded wool (per lb., greasy basis) for the week are: Region 1, $0.23; Region 2, $0.21; and Region 3, $0.19.
The LDP rate for ungraded wool, therefore, is $0.19 per lb. greasy this week. Producers with grade and yield documentation on their wool should review the graded LDP categories, as they have improved in recent weeks.
These rates are used to determine the loan repayment rates for marketing assistance loans and to calculate loan deficiency payments.